Nomura Asset Management Co. Ltd. Boosts Position in Skyworks Solutions, Inc. (SWKS)
Nomura Asset Management Co. Ltd. boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 42,773 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,799 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Skyworks Solutions were worth $4,358,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Financial Engines Advisors L.L.C. acquired a new position in shares of Skyworks Solutions during the third quarter worth $126,000. WFG Advisors LP lifted its position in Skyworks Solutions by 14.8% in the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $127,000 after acquiring an additional 171 shares during the last quarter. Sun Life Financial INC lifted its position in Skyworks Solutions by 551.5% in the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after acquiring an additional 1,136 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Skyworks Solutions in the second quarter valued at $202,000. Finally, Round Table Services LLC purchased a new stake in Skyworks Solutions in the third quarter valued at $204,000. Hedge funds and other institutional investors own 81.94% of the company’s stock.
A number of brokerages recently weighed in on SWKS. BMO Capital Markets reissued a “hold” rating and issued a $100.00 price target on shares of Skyworks Solutions in a research report on Monday, November 6th. DA Davidson reaffirmed a “buy” rating and issued a $130.00 target price on shares of Skyworks Solutions in a report on Tuesday, November 7th. Drexel Hamilton reaffirmed a “buy” rating and issued a $128.00 target price (up from $120.00) on shares of Skyworks Solutions in a report on Tuesday, November 7th. Needham & Company LLC increased their price target on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Finally, KeyCorp increased their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock an “in-line” rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $115.72.
Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $96.28 on Friday. The firm has a market cap of $17,763.99, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 0.96 and a beta of 0.84. Skyworks Solutions, Inc. has a one year low of $73.94 and a one year high of $117.65.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Monday, November 20th. Skyworks Solutions’s dividend payout ratio is currently 23.66%.
WARNING: “Nomura Asset Management Co. Ltd. Boosts Position in Skyworks Solutions, Inc. (SWKS)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/12/09/nomura-asset-management-co-ltd-boosts-position-in-skyworks-solutions-inc-swks.html.
Skyworks Solutions Profile
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
Receive News & Stock Ratings for Skyworks Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions Inc. and related stocks with our FREE daily email newsletter.